The unemployment rate for the third quarter of this year was 3.5 percentage points below that registered in the same period of 2020.
Unemployment reached 8.2% of the Argentine population in the third quarter of the year, with a decrease of 1.4 percentage points with respect to the second quarter, according to the data released this Tuesday by the National Institute of Statistics and Censuses (Indec).
According to official data, the unemployment rate In the third quarter of this year it was 3.5 percentage points below that registered in the same period last year.
Argentina’s unemployment rate had scaled in Q2 2020 at 13.1%, in a scenario of strong collapse of economic activity amid the strict measures of social isolation dictated by the Government of Alberto Fernández in the face of the outbreak of the covid-19 pandemic.
The 8.2% index verified in the third quarter of this year is the lowest since the last quarter of 2017, when the rate had been 7.2%.
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The official report indicates that between July and September 1,113,000 people who were looking for work in Argentina did not have a job.
According to Indec, the underemployment rate for the third quarter was 12.2%, with 1,648,000 million people in this category.
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The underemployment rate for the third quarter of the year was 0.2 percentage points below second quarter index and 1.2 points below that registered in the same period last year.
Meanwhile, the rate of employed persons who demanded another job was 16.5%, which represented a decrease of 0.5 percentage points compared to the level of the second quarter and an increase of 1.7 points compared to the third quarter of 2020.
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Between July and September, the total number of people with work looking for another job was 2.227.000.
The Indec report takes into account the employment data of the 31 largest urban conglomerates in the South American country, which concentrate a population of 28.9 million people -13.5 million of them economically active-, out of a total population in Argentina of about 45 million inhabitants.
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Argentina recorded a peak unemployment rate of 24.1% in the second quarter of 2002, after the outbreak of one of the worst crises economic, political and social that the country has experienced.
In the framework of the economic crisis deepened by the health emergency of covid-19, the Government of Alberto Fernández decreed last year a ban on dismissals without cause which runs, in principle, until the end of this month, and created a program by which the State has paid part of the salaries of private sector workers in the activities most affected by the pandemic. (I)
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